🚨BREAKING! The weekly trading volume on Solana’s decentralized exchanges (DEX) has dropped to its lowest point in six months.
Over the past month, on-chain activity has decreased, partly due to the waning excitement around memecoins. According to Dune Analytics, last week’s DEX volume was $7.7 billion.
In contrast, back in March, Solana’s daily DEX volume was 50% higher than Ethereum’s, often surpassing $3 billion in 24-hour trading volume.
